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| Asian shares mixed ahead of company earnings | Asian shares mixed ahead of company earnings |
| (about 4 hours later) | |
| Asian markets were trading mixed on Tuesday as investors stayed cautious ahead of company earnings reports. | Asian markets were trading mixed on Tuesday as investors stayed cautious ahead of company earnings reports. |
| A strong US dollar and economic woes in Europe could have had an impact on profits for firms in the third quarter, according to analysts. | A strong US dollar and economic woes in Europe could have had an impact on profits for firms in the third quarter, according to analysts. |
| In Japan, the benchmark Nikkei 225 closed 0.7% lower at 15,783.83 after the Bank of Japan (BOJ) painted a bleaker outlook for the economy. | |
| The Japanese yen weakened against the dollar, rising to 109.10. | The Japanese yen weakened against the dollar, rising to 109.10. |
| The BOJ maintained its massive monetary easing plans, but said that weak consumer spending was impacting factory output and business sentiment. | The BOJ maintained its massive monetary easing plans, but said that weak consumer spending was impacting factory output and business sentiment. |
| "It's true the effect [of the sales tax hike] on the economy is being prolonged. There's also the effect of bad summer weather," said BOJ Governor Haruhiko Kuroda. | "It's true the effect [of the sales tax hike] on the economy is being prolonged. There's also the effect of bad summer weather," said BOJ Governor Haruhiko Kuroda. |
| In Hong Kong, stocks inched higher as pro-democracy protests in the city started to taper. | |
| The Hang Seng Index gained 0.4% to close at 23,408.19. | |
| The impact from the protests on the economy has started to show, with the Hong Kong Retail Management Association releasing a survey that said some major retailers saw sales fall up to 50% during the Chinese national holidays. | |
| RBA holds rates | RBA holds rates |
| Australian shares were lower after the Reserve Bank of Australia's (RBA) kept interest rates at a record low of 2.5% on Tuesday. | Australian shares were lower after the Reserve Bank of Australia's (RBA) kept interest rates at a record low of 2.5% on Tuesday. |
| The benchmark S&P/ASX200 index closed 0.2% lower at 5,284.2 points. | |
| The RBA was widely expected to keep interest rates unchanged after a private gauge of consumer prices on Monday showed inflation slowed in September. | The RBA was widely expected to keep interest rates unchanged after a private gauge of consumer prices on Monday showed inflation slowed in September. |
| A cooling mining sector and lower export prices have also been a drag on the Australian economy. | A cooling mining sector and lower export prices have also been a drag on the Australian economy. |
| The Australian dollar, meanwhile, weakened further to $0.8755 against the US dollar on the RBA's comments that it was still too strong. | The Australian dollar, meanwhile, weakened further to $0.8755 against the US dollar on the RBA's comments that it was still too strong. |
| In South Korea, Kospi shares closed 0.2% higher despite heavyweight Samsung Electronics reporting a big fall in expected third quarter profit. | |
| The world's largest smartphone maker said its quarterly operating profit is estimated to have fallen 60% from the previous year as sales for its Galaxy handsets slowed. | The world's largest smartphone maker said its quarterly operating profit is estimated to have fallen 60% from the previous year as sales for its Galaxy handsets slowed. |